10-Year Yield Above 4.2%

The rate-indicative 10-year Treasury yield was just above 4.2% Monday morning as it continued a more or less upward trend that started on Friday, according to Yahoo! Finance.Recently the 10-year has been trading at levels closer to 4.0% or 4.1%. The benchmark yield began rising on Friday after the release of statistics that showed that, on a net basis, hiring surged overall in October even though jobs in the mortgage industry declined slightly.

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